Price Trend Analysis 1. Candlestick Patterns: - Recent candlesticks show a oscillating downward trend, with the price gradually falling from a high of 91224.99 to 89176.8. - On the daily chart, there are consecutive small bearish candles, indicating that the bearish momentum is dominant, but the decline has slowed. 2. Technical Indicators: - MACD: In the 4-hour cycle, both DIF and DEA are below the zero line, with DIF showing a slight upward turn, indicating weakening bearish momentum and the possibility of a short-term rebound. - RSI: The current value is 39.8, approaching the oversold zone, suggesting a certain technical rebound demand. - EMA: The price remains below EMA7, EMA30, and EMA120, indicating an overall bearish trend; however, it is currently near EMA7 (89370.7). A break above this level could further test the EMA30 resistance at 90185.8. 3. Volume: - Trading volume has significantly decreased, dropping from thousands in previous days to 429, reflecting a market with strong wait-and-see sentiment. - An increase in volume occurred around 01月23日2000, after which volume gradually declined, indicating a temporary stalemate between bulls and bears. $ETH ‌$BTC ‌

#ETHTrendWatch Discussions around Ethereum reflect a struggle between a cautious technical approach and fundamental optimism. Here are the main trends: 1. Traders are focused on the $3,060 level, considering it a key point for short-term price direction. 2. The successful update of Fusaka is viewed as a long-term positive factor for network scalability. 3. Historical changes in derivatives data indicate that futures traders are becoming net buyers. 4. Public companies are actively accumulating ETH, indicating strong institutional confidence. 1. The $3,060 level — a key point **mixed signals** "#ETH closed uncertain... Holding below $3,060 is a bearish signal that could lead to a decline to the support level of $2,880." **What does this mean:** In the short term, this is a neutral-bearish signal for ETH, as the $3,060 level acts as an important resistance. If the price cannot break through it, a test of lower support levels may occur, limiting short-term growth. 2. Fusaka update is **positively** launched "The Fusaka update for Ethereum has been launched, bringing significant improvements in data accessibility, reducing second-layer transaction costs, and network security." **What does this mean:** This is a fundamentally positive factor for ETH, as protocol updates that improve scalability and reduce costs strengthen Ethereum’s competitive advantages and may contribute to long-term growth in demand and adoption. 3. Positive changes in derivatives data **positively** "ETH derivatives data show a structural shift: net buyer volume has become positive for the first time in nearly three years, with a buy imbalance of $390 million since January 6." **What does this mean:** This is a positive signal for ETH, as sustained positive net buyer volume often precedes trend expansion, indicating that traders with leverage are targeting growth rather than just closing short positions. 4. Public companies are buying ETH **positively** "Public companies holding ETH have purchased 200K ETH, exceeding the 57K ETH issued by the protocol after burning," highlighting active accumulation by companies like SharpLink Gaming. **What does this mean:** This is a positive factor for ETH, reflecting sustained institutional demand that reduces selling pressure and creates fundamental support for the asset’s valuation. ## Conclusion The overall sentiment on Ethereum is cautious optimism, where short-term technical resistance is balanced by strong long-term fundamental factors. Traders are closely watching the $3,060 level to determine direction, and sustained institutional accumulation and successful network updates like Fusaka create a solid foundation. Keep an eye on **net taker volume in derivatives markets** to confirm that the recent positive structural shift is maintained.